THE NATIONAL BOARD OF EXAMINERS IN OPTOMETRY INC

EIN: 460238342 501(c)(3) Human Services

CHARLOTTE, NC

Total Revenue
$10,894,624
Total Expenses
$8,938,634
Total Assets
$15,422,219
Net Assets
$9,183,788
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MD
Principal Officer
S JILL BRYANT OD
Phone
7043329565
Tax Period
2023-01-01 to 2023-12-31

THE NATIONAL BOARD OF EXAMINERS IN OPTOMETRY INC, founded in 1990, is a mid-sized nonprofit in the Human Services sector that reported $10.9M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.0M, a strong 18% operating margin.

Mission

THE MISSION OF THE NATIONAL BOARD OF EXAMINERS IN OPTOMETRY IS TO PROTECT THE PUBLIC BY DEVELOPING, ADMINISTERING, SCORING, AND REPORTING RESULTS OF VALID EXAMINATIONS THAT ASSESS COMPETENCY IN OPTOMETRY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $119,230
Program Service Revenue $10,435,376
Investment Income $315,344
Other Revenue $24,674
TOTAL REVENUE $10,894,624

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,058,568
Fundraising Expenses $0
Program Expenses $6,370,252
Other Expenses $5,880,066
TOTAL EXPENSES $8,938,634

Year-over-Year Comparison

2023 2022 Change
Revenue $10,894,624 $9,173,202 +0.2%
Expenses $8,938,634 $8,028,607 +0.1%
Net Income $1,955,990 $1,144,595 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
79
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$418,311
Total Directors
8
$13,864
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL OHLSON OD VICE PRESIDENT 4.00
Officer Director
$2,575 $0 $2,575
SUSY YU OD MBA IMMEDIATE PAST PRESIDENT 4.00
Officer Director
$2,363 $0 $2,363
PATRICK O-NEILL OD MEMBER 4.00
Director
$2,538 $0 $2,538
KARLA ZADNIK OD PHD PRESIDENT 4.00
Officer Director
$1,750 $0 $1,750
JIM CAMPBELL OD MEMBER 4.00
Director
$2,713 $0 $2,713
JOSHUA BAKER MS OD MEMBER 4.00
Director
$1,925 $0 $1,925
LEWIS N REICH OD PHD SECRETARY/TREASURER 4.00
Officer Director
$0 $0 $0
JOHN R SICOTTE MBA MEMBER 4.00
Director
$0 $0 $0
STACY JILL BRYANT OD MPH EXECUTIVE DIRECTOR 40.00
Officer
$258,739 $32,789 $291,528
SELENE DAVIS CPA DIRECTOR OF FINANCE 40.00
Officer
$100,278 $19,817 $120,095
RICARDO E CASTILLO OD DO SR DIRECTOR OF CLINICAL EXAM 40.00
Highest
$139,911 $18,669 $158,580
NICOLE L JERGE OD DIRECTOR OF PART II 40.00
Highest
$147,913 $21,378 $169,291
NADIA SACHINSKI OD DIRECTOR OF PART I 40.00
Highest
$107,444 $14,856 $122,300
ROGER W VAN DEN BOSCH DIRECTOR OF IT 40.00
Highest
$126,215 $24,206 $150,421
WHITNEY BOUKNIGHT JD GENERAL COUNSEL 20.00
Highest
$133,519 $22,490 $156,009
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $10,894,624 $8,938,634 $15,422,219 $1,955,990
2022 $9,173,202 $8,028,607 $12,682,481 $1,144,595
2021 $8,491,894 $6,409,839 $11,195,013 $2,082,055
2020 $6,439,961 $6,028,913 $9,934,667 $411,048
2019 $6,992,906 $6,355,641 $8,347,624 $637,265
2018 $7,410,670 $8,388,827 $8,416,011 $-978,157
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